PFG Advisors Sells 484 Shares of Comfort Systems USA, Inc. $FIX

PFG Advisors decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,014 shares of the construction company’s stock after selling 484 shares during the quarter. PFG Advisors’ holdings in Comfort Systems USA were worth $837,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westfield Capital Management Co. LP grew its stake in shares of Comfort Systems USA by 5.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after acquiring an additional 46,773 shares during the period. Geode Capital Management LLC increased its holdings in Comfort Systems USA by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after acquiring an additional 3,032 shares in the last quarter. AQR Capital Management LLC raised its stake in Comfort Systems USA by 47.5% during the 2nd quarter. AQR Capital Management LLC now owns 782,435 shares of the construction company’s stock worth $419,049,000 after acquiring an additional 252,007 shares during the period. JPMorgan Chase & Co. raised its stake in Comfort Systems USA by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock worth $606,117,000 after acquiring an additional 197,613 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Comfort Systems USA by 29.8% during the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after purchasing an additional 117,892 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,406.62 on Thursday. The firm has a fifty day simple moving average of $1,225.90 and a two-hundred day simple moving average of $997.25. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $49.47 billion, a P/E ratio of 48.67 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $4.09 EPS. The business’s revenue was up 41.7% compared to the same quarter last year. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIX. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson increased their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $1,573.67.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares of the company’s stock, valued at $24,703,260.90. This trade represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Terrence Reed sold 1,116 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the transaction, the senior vice president owned 2,834 shares of the company’s stock, valued at approximately $3,960,033.22. This trade represents a 28.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.